TITLE
Recommendation to adopt resolution establishing an annual special tax of $0.12 per square foot for Community Facilities District No. 1 (Belmont Shore) for Fiscal Year 2007. (District 3)
DISCUSSION
In 1988, the City Council approved the formation of Community Facilities District No. 1
(District) under the guidelines of the Mello-Roos Community Facilities Act. The District
provided for a levy against commercial properties along Second Street in Belmont Shore
for the purpose of funding additional public parking. The Belmont Shore Parking and
Business Improvement Area Commission (BSPBIA) recommends to the City Council the
annual levy for the District. The City Council annually adopts a resolution establishing the
special tax levy.
A levy was adopted for the three-year period beginning in Fiscal Year 1990 (FY 90) through
FY 92 at $0.12. The levy was suspended for one year in FY 93 and it was reestablished in
FY 94. From FY 94 through FY 02, the rate was set at $0.06 per square foot. The City
Council authorized the expenditure of funds collected from the levy to acquire and make
improvements to a parking lot within the district in FY 95 and FY 96. From FY 03 through
FY 05, the levy was set at $0.00.
During FY 05, the District’s Map of Facilities and Description of Facilities were modified.
These changes allowed the District to include all parking lots, alley access and availability
to the commercial properties within the district and expanded the district boundaries to
allow district funds to be used within the Belmont Shore Parking Meter Revenue Area. For
FY 06, the levy was set at $0.12.
At its meeting of July 20, 2006, the BSPBIA recommended that the levy again be set at
$0.12 per square foot of commercial property to continue the assessment for public parking
improvements in the Belmont Shore area.
This matter was reviewed by Assistant City Attorney Heather Mahood and Budget
Management Officer David Wodynski on July 20, 2006.
TIMING CONSIDERATIONS
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